Entrepreneur
Name
John
Member since
October 2019
On-time repayments
15 installments • 60%
About Me
I am John maina, Kenyan aged 30 yrs and a proud father of two boys. I was born in Nairobi kayole estate where I went to imara primary school. I then went to ofafa Jericho high school and later Kenya polytechnic college where I did my diploma in accountancy.
My Business
I started doing business in 2019 where I started selling old and new bags at kayole junction. The business was doing well until I was relocated city council to another area. I had to rethink because the sales we shrinking so I opened a shop where I sell things in wholesale and retail. The shop is located in kayole area near Kona market off spine road plot no. A4-637 near blue sky.The shop, which is called Okoa shop, makes an average sale of 150$ per day and with that it's able to pay me 10$ per day and the other 140$ goes back to the shop. I have one employee whom I pay 60$ monthly. The demand is so high that sometimes I am unable to meet it that is why I am requesting for 1500$ for me to have good stock so that the customers may not lack anything. With that amount, the average sales per day will increase to 250$ to 300$ or even 400$ and with that I am sure I will be able to pay myself 25$ to 35$.
Loan Proposal
I want to buy baby diapers which I have finished. Band diapers are fast moving and are essential in today's society. So the money will be used to buy one bale of kiskid baby diapers high count
Income Source
Things are tough in most businesses but when it comes to essential things like diapers which i deal with together with other things I sell like, almost all types of rice and cereals, almost every variety of wheat and maize flour, and also the fact that I have chosen one month to repay, I know I will be able without overstretching my self.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$36.00
Date disbursed
Jul 17, 2020
Repayment status
On Time
Projected term
4 weeks
Other loans
Lenders
Gatineau, Canada
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